Wealth Management: Citi Is On Top

🇺🇸 🇺🇸 A new survey ranks Citigroup’s wealth management arm No. 1 for digital satisfaction among full-service financial advice firms
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China’s Oil Demand Seen Dropping

🇨🇳 🇨🇳 Consultancies Wood Mackenzie, Rystad Energy and Energy Aspects respectively forecast China’s first-half 2024 oil demand to grow by 3.7 per cent, 4.0 per cent and 4.4 per cent versus the same period in 2023. The forecasts put expected growth next year marginally below pre-pandemic rates
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Warning From ECB’s Guindos

🇪🇺 🇪🇺 European Central Bank Vice President Luis de Guindos said investors may not be fully pricing the risk of a stronger hit to the euro-zone economy following a year of interest-rate hikes and rising political tensions
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IPO: Floward

🇸🇦 🇸🇦 IPO: Middle Eastern e-commerce firm Floward is working with Goldman Sachs Group Inc. and HSBC Holdings Plc for a planned initial public offering in Saudi Arabia
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China Is Racing Back

🇨🇳 🇨🇳 Chinese leaders are making their most forceful push yet to end the nation’s property crisis, ramping up pressure on banks to plug an estimated $446 billion shortfall in funding needed to stabilize the industry and deliver millions of unfinished apartments
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JPMorgan: Inflation Drop A Surprise

🇺🇸 🇺🇸 JPMorgan: One of the biggest surprises this year has been how much inflation has cooled alongside that economic resilience. While inflation isn’t back to the Fed’s 2% sweet spot, 40% of the Consumer Price Index’s components are now at or below that coveted level
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Smartphone Shipments Up 5% After 27-Month Decline

📱 📱 The global smartphone market grew 5% year-on-year in October after contracting for 27 months, said Counterpoint Research
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Warning: Pneumonia Surge In China

🇨🇳 🇨🇳 Warning: Severe pneumonia outbreak in China overwhelms hospitals in two cities. The World Health Organization (WHO) has officially requested that China provide detailed information
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Seize The Moment In 2024

✨✨ Start 2024 On The Right Note. Global Stocks And Bonds Are Going To Stage A Major Rally As Central Banks Start Cutting Interest Rates

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Investors Shun World’s Largest Bank

🇨🇳 🇨🇳 Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, has been unable to convince some market participants that it’s safe to reconnect their computer networks to the bank’s US unit after a ransomware attack disrupted its systems
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